A massive topic in the business world currently is the subject of non-fungible tokens or NFTs. This is a market that is just beginning to really gain traction and become more popular. Since it is new, lots of people, including young entrepreneurs are taking their chances in this space. One of these entrepreneurs is 12-year-old Benyamin Ahmed.
Ahmed began to work on the code for his very popular second collection of NFTs in June of this year with some inspiration from another NFT collection and help from mentors and online tutorials. His finished product included thousands of pixelated images of unique whales called “Weird Whales”.
After launching this collection of NFTs, the collection sold out within nine hours. Including the percentage that he makes for every resale, Ahmed told CBC he believes he will hit $400,000 in gross profit by the end of this month.
I think this space has huge potential for entrepreneurs of any age, but particularly for a younger generation who has grown up using and being comfortable using technology to make an income, this will be huge. In an article from the New York Post, Ahmed was quoted saying, ‘“When people buy Weird Whales, they’re investing in me and my future,” Ahmed reportedly said. “If I carry on as I’ve been, I might end up like other tech entrepreneurs out there like Elon Musk and Jeff Bezos.”’ I think Ahmed will be an inspiration for other young entrepreneurs and show that although it takes some hard work and self-teaching, this will be an area where money can be made.
Sources
Feuer, W. (2021, August 27). 12-year-old reportedly set to earn $400k in two months selling nfts. New York Post. Retrieved December 1, 2021, from https://nypost.com/2021/08/27/12-year-old-reportedly-set-to-earn-400k-from-selling-nfts/.
This is so interesting to see how little kids even understand all of this terms related to technology. I barely understand it myself. It is so interesting hear that this 12 year old kid is about to be Elon Musk because coding is so prevalent.
It’s incredible that a 12 year old is already making so much money! It does make me wonder at his future, however. Making that much money at such a young age could totally destroy his childhood. Money can be a very mixed blessing, and wealth makes many people extremely unhappy. It’s worth praying for this kid and his future.
I don’t know a lot about NFTs so this was an interesting read for me. I don’t fully grasp the weird whales idea but this was very bright of the this young man to take advantage of something that was trending. It is very impressive for someone this young to be making this much money.